早在2022年发布《关于加快建设全国统一电力市场体系的指导意见》以来，在构建全国统一电力市场体 系的总体要求下，电力行业加速市场化转型，体制机制不断创新，电力资源正逐步实现全国范围内的高 效流动与优化配置。 本报（chinatimes.net.cn）记者刘昱汝 徐芸茜 北京报道 随后，工信部印发的《电力装备行业稳增长工作方案（2023—2024年）》明确指出，要发挥电力装备行 业带动作用，力争2023—2024年电力装备行业主营业务收入年均增速达9%以上。 随着A股上市公司上半年业绩预告陆续披露，市场表现亮点纷呈。据统计，共有79家央企控股上市公司 上半年业绩报喜。其中，32家公司实现归母净利润同比增长，22家公司实现扭亏，另有25家公司减亏。 从增幅来看，业绩增长的势头尤为强劲。19家央企控股上市公司的归母净利润预增上限超过100%，展 现出强劲的盈利能力。同时，多家央企也实现了大幅扭亏，为市场带来了积极信号。 从行业分布来看，电力装备、船舶制造、稀土等行业景气度高企。这些产业链上的相关上市公司业绩不 俗，为市场的整体表现增添了亮点。 科方得智库研究负责人张新原在接受《华夏时报》记者采访时表示，央企上市公司 ...

Core Insights - The domestic eVTOL (electric vertical takeoff and landing aircraft) industry in China is experiencing significant growth, with a record order of 350 eVTOLs worth $1 billion from UAE's Autocraft, marking the largest eVTOL purchase in China to date [1][2] - Chinese eVTOL manufacturers are increasingly expanding into international markets, particularly in the Middle East, where they face competition from Western companies [1][7] Industry Overview - The eVTOL market is still in its early stages globally, with high product prices; for instance, the estimated price of the E20 eVTOL is around 20 million RMB ($2.8 million) per unit [2] - The E20 model, developed by the company, features advanced technology such as a tilt-rotor design, allowing for longer flight distances, higher speeds, and greater payload capacity [2][3] Market Dynamics - The Middle East, especially the UAE, has emerged as a key market for Chinese eVTOL companies due to strong local demand, favorable regulatory environments, and significant investments in smart city initiatives [7][8] - The UAE has committed to investing $12 billion in building an aerial transportation network by 2030, highlighting the region's focus on low-altitude economic development [7] Competitive Landscape - Leading Chinese eVTOL manufacturer EHang has secured multiple international orders, including 100 units from UAE's Wings Logistics Hub and 100 units from Indonesia's Prestige Aviation [4] - Other companies, such as XPeng and Lany Aviation, are also actively pursuing overseas contracts, indicating a competitive landscape for eVTOL manufacturers [6][11] Regulatory Environment - The certification process for eVTOLs is stringent, with the first batch of orders expected to be delivered after obtaining airworthiness certification [3] - China is seen as a leader in airworthiness certification for eVTOLs, with EHang's EH216-S being the first globally to receive such certification [3][9] Technological Advantages - Chinese eVTOL companies benefit from a well-established supply chain and lower manufacturing costs compared to their Western counterparts, which may lead to a competitive pricing advantage in the market [11] - The domestic industry has made significant technological advancements, particularly in distributed electric propulsion systems and flight control redundancy designs, enhancing their international competitiveness [10][11]

时隔十年，党中央层面的高规格的城市工作会议再次召开，为今后一段时期城市工作、城市发展奠定了 新的基调。 7月14日至15日，中央城市工作会议在北京举行。会议明确了做好城市工作的总体要求、重要原则和7个 方面的重点任务，其中提出了"两个转向"和"五个转变"，即我国城镇化正从快速增长期转向稳定发展 期，城市发展正从大规模增量扩张阶段转向存量提质增效为主的阶段，城市工作要转变城市发展理念， 更加注重以人为本；转变城市发展方式，更加注重集约高效；转变城市发展动力，更加注重特色发展； 转变城市工作重心，更加注重治理投入；转变城市工作方法，更加注重统筹协调。 建设现代化人民城市 新中国成立以来，中国总共召开过五次最高级别的城市工作会议，前三次为全国城市工作会议，分别在 1962年、1963年、1978年召开。2015年年底，中央城市工作会议在北京召开，这是时隔37年后党中央再 次召开最高规格的城市工作会议。今年7月，这一高级别的城市工作会议再度召开。 在城市发展的总体要求上，本次会议提出要以建设创新、宜居、美丽、韧性、文明、智慧的现代化人民 城市为目标，以推动城市高质量发展为主题，以坚持城市内涵式发展为主线，以推进城市更 ...

"反内卷"不仅受到协会和产业主管部门重视，也得到了国务院层面的关注。 7月16日，国务院总理李强主持召开国务院常务会议，听取规范新能源汽车产业竞争秩序情况的汇报。 会议指出，要着眼于推动新能源汽车产业高质量发展，针对该产业领域出现的各种非理性竞争现象，坚 持远近结合、综合施策，切实规范新能源汽车产业竞争秩序。 在严格限制内卷的同时，也应注意防范"内卷外溢"。近年来，中国品牌进入越来越广阔的国际市场，出 口量呈现跨越式增长，并超越日本成为全球第一大汽车出口国。但高速增长背后，也需警惕当年摩托车 因价格战而引发的惨痛教训。中国汽车工业协会常务副会长兼秘书长付炳锋在2025中国汽车论坛上表 示："我们在走向国际化的同时，也应该把家里的事解决好。不能由'内卷式'竞争再走向'外卷'，这是行 业的共识。" "强化产品生产一致性监督检查"与今年6月工业和信息化部（下称"工信部"）发布的《关于组织开展 2025年度道路机动车辆生产企业及产品生产一致性监督检查工作的通知》（下称"《通知》"）一致。 《通知》进一步加强事中事后监管，对已获得道路机动车辆生产企业及产品准入许可的道路机动车辆生 产企业及产品进行检查，规范车企生产经营 ...

Core Viewpoint - The strong performance of leading mining companies, Zijin Mining and Luoyang Molybdenum, is attributed to resource premium realization and capacity structure optimization, despite their stock prices remaining relatively stable after earnings announcements [1][4]. Group 1: Financial Performance - Zijin Mining is expected to achieve a net profit of approximately 232 billion yuan for the first half of 2025, representing a year-on-year increase of about 54% from 151 billion yuan [3][4]. - Luoyang Molybdenum anticipates a net profit between 82 billion and 91 billion yuan for the same period, reflecting a year-on-year increase of 51.37% to 67.98% [3][4]. - Both companies reported significant increases in production volumes for key minerals, with Zijin Mining's copper and gold production rising by 10% and 17% respectively, while Luoyang Molybdenum's copper and cobalt production increased by approximately 12.68% and 13.05% [3][4]. Group 2: Market Dynamics - Despite strong earnings, the stock prices of Zijin Mining and Luoyang Molybdenum have shown limited movement, indicating that market participants may be cautious about potential cyclical peaks in commodity prices [5][6]. - Analysts suggest that the current risk premium for strategic resources like gold and copper is in an upward cycle, which could enhance the overall value of related stocks [6][7]. Group 3: Strategic Actions - Both companies are actively pursuing acquisitions to expand their resource base, with Zijin Mining planning to acquire a large gold mine in Kazakhstan for $1.2 billion and Luoyang Molybdenum completing a deal for a gold mine in Ecuador [8][9]. - Luoyang Molybdenum has expressed intentions to continue exploring operational efficiencies and potential new acquisitions in copper and gold projects [9].

5月中旬以来，农药大单品草甘膦的价格出现了回暖。卓创资讯数据显示，截至7月16日，草甘膦原药价 格在2.62万元/吨左右，较5月中旬2.34万元/吨的低价累计上涨11.97%，较去年同期上涨4.80%；行业毛 利率由负转正达到2.54%，毛利666元/吨。 7月16日，《华夏时报》记者就草甘膦价格表现致电兴发集团（600141.SH）董秘办，接听工作人员表 示，近期草甘膦价格有所上涨，但是仍处于相对低位。"价格上涨与市场整体库存低位、美国孟山都停 产传闻，以及出口旺季来临有关，国内草甘膦大部分用于出口，主要出口目的地是美洲，巴西会更多一 点。" 对于后续草甘膦价格走势，卓创资讯草甘膦分析师刘欣7月16日告诉《华夏时报》记者，后期草甘膦在 产企业交付订单为主，叠加部分企业有检修计划，市场流通货源偏紧或将继续维持，预计草甘膦市场或 仍有一定上行空间。 供需格局优化 草甘膦作为全球第一大农药品种，主要用于大豆、果蔬和玉米等产品，约占全球除草剂市场30%份额。 2024年全球草甘膦原药产能约为118.3万吨，生产企业总计在10家左右，其中拜耳拥有产能约37万吨/ 年，剩余产能主要集中在中国。 复盘近年来草甘膦价格走势 ...

Core Viewpoint - The engineering machinery market in China is showing signs of recovery in the first half of 2025, with both domestic and international sales of major products increasing year-on-year, leading to performance upgrades from several leading companies [1][2][3]. Industry Performance - The engineering machinery industry has experienced a revival, with major products achieving a "double increase" in both domestic and export sales in the first half of 2025. The China Construction Machinery Industry Association reported that excavator sales reached 120,500 units, a year-on-year increase of 16.8%, with domestic sales at 65,600 units (up 22.9%) and exports at 54,900 units (up 10.2%) [3][4]. - Sales of loaders totaled 64,800 units, reflecting a year-on-year growth of 13.6%, with domestic sales of 35,600 units (up 23.2%) and exports of 29,100 units (up 3.71%). Forklift sales reached 739,300 units, up 11.7%, with domestic sales of 476,400 units (up 9.79%) and exports of 263,000 units (up 15.2%) [3]. Company Performance - LiuGong expects a net profit of approximately 1.18 to 1.28 billion yuan for the first half of 2025, representing a year-on-year growth of 20% to 30%. The company attributes this growth to the domestic equipment renewal cycle and improved downstream demand [2]. - Hailin Zhe anticipates a net profit of 78 to 88 million yuan, a year-on-year increase of 52.35% to 71.88%, driven by steady growth in sales orders and a 50% increase in revenue compared to the previous year [2]. - Weichai Heavy Machinery forecasts a net profit of 132 to 151 million yuan, a year-on-year increase of 40% to 60%, due to favorable industry policies and demand from emerging industries [3]. Future Outlook - The engineering machinery industry is expected to continue its recovery in the second half of 2025, with companies like LiuGong and Sany Heavy Industry expressing optimism about market demand and growth opportunities in infrastructure investment and new urbanization [5][6]. - The industry is also anticipated to benefit from government support for infrastructure projects and the ongoing internationalization and electrification of engineering machinery, which could lead to simultaneous increases in volume and profit for leading companies [1][7].

Core Viewpoint - The photovoltaic industry is experiencing a significant performance divergence in the first half of the year, with 15 out of 38 listed companies reporting profits while 23 are in losses, indicating a potential shift in the photovoltaic cycle [1]. Group 1: Company Performance - Longi Green Energy (隆基绿能) expects a net profit loss of 2.4 billion to 2.8 billion yuan for the first half of 2025, a reduction in loss by 2.443 billion to 2.843 billion yuan year-on-year, attributed to increased component sales and reduced operational costs [2][3]. - Aiko Solar (爱旭股份) anticipates a net profit loss of 170 million to 280 million yuan for the first half of 2025, with a successful turnaround in the second quarter, achieving a profit of approximately 20 million to 130 million yuan [2][3]. - Several companies, including Shuangliang Energy (双良节能) and Zhongli Group (中利集团), reported reduced losses, with Shuangliang expecting a loss of 650 million to 500 million yuan, down from over 1.2 billion yuan in the previous year [4][5]. Group 2: Market Dynamics - The market for BC components is gaining recognition, with Longi Green Energy reporting a demand exceeding supply for high-quality BC components, projecting a shipment of over 17 GW in 2024 [3]. - Aiko Solar noted a significant increase in overseas sales, particularly in high-value markets in Europe, Australia, and Japan, leading to improved overall gross margins [3]. - The photovoltaic glass market is facing challenges, with prices significantly dropping due to oversupply and increased competition, impacting companies like Flat Glass (福莱特) which expects a profit drop of 81.32% to 84.66% year-on-year [9]. Group 3: Industry Challenges - The photovoltaic industry is currently in a deep adjustment phase, with many companies facing supply-demand imbalances and intense competition, leading to a mixed performance across the sector [10]. - Companies like JunDa (钧达股份) and Saiwu Technology (赛伍技术) reported increased losses due to industry overcapacity and price declines, highlighting the competitive pressures within the market [6][7]. - Despite the challenges, some companies, such as Qingyuan Co. (清源股份) and Hengdian East Magnetic (横店东磁), continue to report profits, indicating a divergence in performance within the industry [8].

Core Viewpoint - Recently, Wenkang New Energy (688779.SH) won a first-instance lawsuit, with the court ruling to terminate the lithium carbonate procurement framework agreement and ordering the defendants to return a prepayment of 122 million yuan and pay part of the penalty, totaling 181 million yuan involved in the case [1] Group 1: Legal Proceedings and Financial Implications - The court ruled that the defendants, including individuals Nan Jinxie, Nan Dongdong, and Nan Tian, are responsible for repaying the debts [1][5] - Wenkang New Energy's subsidiary Longyuan Lithium Technology and Jinch Energy had signed an agreement with Zhizun Lithium Industry to supply no less than 24,000 tons of battery-grade lithium carbonate in 2024, with a prepayment of 500 million yuan already made [2] - The lawsuit was initiated due to Zhizun Group's breach of contract, which began in the second half of 2024, leading to Wenkang New Energy's financial losses of 508 million yuan in 2024, a year-on-year increase in losses of 307.8% [3][4] Group 2: Creditworthiness and Market Conditions - The credit situation of Zhizun Lithium Industry has deteriorated significantly, with multiple instances of contract disputes, asset freezes, and being listed as a dishonest executor [7] - The decline in lithium prices and production issues have contributed to Zhizun Lithium's credit collapse, with the price dropping to around 70,000 yuan per ton by the end of 2024 [7] - Wenkang New Energy has secured a preferential right to recover funds from the equity disposal of two companies under Jiangxi Zhongke Lithium Industry, indicating a more favorable position compared to other creditors [7]

近期，湖南多家农商行的"养老贷"在推出不久后迅速下架。这一现象背后，折射出银行业在当前经营承 压背景下，业务创新的探索与困境。在息差收窄、同业竞争加剧的环境下，银行亟需通过场景化信贷产 品开辟新增长点，同时也要考虑创新过程中对风险、合规以及社会接受度。 7月17日，记者以用户身份拨打湖南地区多个银行电话，某农商行支行行长回复称，养老贷已暂停办 理，如恢复会通知各个村。 此前，养老贷利率普遍在3.1%至3.45%之间。记者做了一个测算，若贷款9万元、利率3.1%，分15年180 期还清，贷款人每月需还款约625.86元。 北京市盈科律师事务所高级合伙人律师沈哲对《华夏时报》记者表示，老年人的晚年应以稳妥为主，怕 因"养老贷"导致其生活陷入困境。为避免这种情况，用户还是要把养老贷规则吃透，量力而行，尤其不 要忽略金融风险。 "养老贷"纷纷下架 何为"养老贷"？某银行解释道，养老贷是用于养老保险参保对象因中断缴费、提高缴费标准或新参保又 达不到缴费年限，一次性补缴以前年度养老保险费的资金支出，或因补缴养老保险费用支出导致个人生 产经营资金被占用而形成资金缺口的贷款。 有媒体报道，湖南省农信联社于7月10日向辖内农信 ...